RealtyLink Development

Hardee's (In Contract)

14622 NC Hwy 87 West
Tar Heel, NC 28392

Property: Investment Sales

Square Footage: +/- 2,446

Acreage: +/- 1.83

Price: $1,780,000

Cap Rate: 6.0%

Description:

  • 20 year absolute triple net lease commenced May 2017
  • 10% rent bumps every 5 years including 4 option periods
  • BLD Brands is a growing restaurant company with +/- 137 locations in 10 states (www.bldbrands.com)
  • New construction ideally positioned at the market’s primary signalized intersection
  • Over 9,800 vehicles per day pass in front of the subject property
  • Located 1 mile from Smithfield Foods largest plant employing over 4,800 people (www.smithfieldfoods.com)
  • NC Hwy 87 is a major thoroughfare connecting I-95 to multiple Atlantic Coast destinations